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Does your advisor put your interests first?
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The Financial Plan – Why it is Important to Limit Loss
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Mutual Funds vs. 529 Account For Your College Savings?
4
2009 New Car Purchases Qualify for Sales Tax Break
5
Where Should You Establish Your IRA?

The Financial Plan – Why it is Important to Limit Loss

The Pain to Gain Ratio

  • If you lose 5% of your portfolio, it takes a gain of 5.3% to get back to even.
  • If you lose 20% of your portfolio, it takes a gain of 25% to get back to even.
  • If you lose 50% of your portfolio, it takes a gain of 100% to get back to even.
  • If you lose 90% of your portfolio, it takes a gain of 900% to get back to even.

Conclusion: If you limit your losses, the road back to prosperity is much easier. Work with your financial advisor to develop an investment

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Mutual Funds vs. 529 Account For Your College Savings?

Saving for college is a tough job – on par with saving for retirement, and often in direct conflict with that goal as well. Adding to the difficulty of the task is the fact that there are so many different options out there (in terms of investment vehicles) that really muddy the waters for the individual college saver.

One question that comes up very often is whether it is just as effective to utilize tax-effficient mutual funds instead of 529 plans as we save for college. The idea is that the mutual fund can generate a higher overall return than …

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2009 New Car Purchases Qualify for Sales Tax Break

new carThe IRS is reminding taxpayers that the 2009 Stimulus Bill included a little something to help boost auto sales. Those who buy a qualifying new car, light truck, motor home or motorcycle in 2009 can deduct state and local sales tax and excise taxes paid on purchase prices up to $49,500. The deduction will be available for 2009 tax returns (only) whether one itemizes or not.

Showing considerable wit (for an IRS guy, at least), Commissioner Doug Shulman wrote in the announcement of the news, “For those thinking about buying a new car this year, this deduction may give …

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Where Should You Establish Your IRA?

Establishing and contributing to an IRA (Traditional or Roth) is pretty simple and straightforward. There is a wide variety of institutions that offer IRA accounts:  banks, savings and loans, credit unions, insurance companies, mutual fund companies, and brokerages.  There are pros and cons to each type of institution, as we’ll list below.  These alternatives represent the major options for opening your IRA, in no particular order.

Banks, Savings and Loans & Credit Unions
Pros: Banks are well-known as some of the most stable and conservative institutions in our financial industry.  For many folks, this is an assurance that there is
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